The Central Bank had detected signs of withdrawal of assets in the Bank RKB

Temporary administration of Bank of Russia has found signs of withdrawal of assets in the Bank deprived of the license for RCH 2.7 billion rubles by issuing non-performing loans, the regulator reported on Tuesday.

The Bank of Russia from September 19, revoked the license for banking operations in Dimitrovgrad Regional commercial Bank (RKB). According to the regulator, the credit institution does not comply with the requirements of the law on counteraction to laundering of proceeds of crime, did not provide reliable information about transactions subject to mandatory control.

“Temporary administration on management of BANK JSC “RKB”… in the course of the examination of the financial condition of the credit institution has identified the operations carried out by the former management of the Bank with evidence of withdrawal of Bank’s assets, including by issuing knowingly irrecoverable loans to borrowers who do not have the ability to fulfill their obligations and with signs of technical companies, in the amount of 2.7 billion rubles”, — stated in the message of the Central Bank.

In addition, the facts of implementation by the former management of the Bank actions associated with reflection in the Bank’s balance sheet investments in real estate at an inflated price. Temporary administration estimates the cost of the Bank’s assets RKB at the level of 500 million rubles when the value of the liabilities to creditors in the amount of 2.4 billion rubles. Thus, the difference between assets and liabilities of the Bank amounted to 1.9 billion rubles.

The arbitration court of Ulyanovsk region declared the credit institution bankrupt on 14 November. Information about the former owners and top-managers of Bank financial operations with signs of criminal acts, directed the regulator to the Prosecutor General of the Russian Federation, Ministry of internal Affairs and SKR.

By total assets, according to Central Bank data, the Bank of RCH held by 1 September 2016, the 404-th place in the Russian banking system.